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OTHER FINANCIAL INFORMATION (Tables)

6 Months Ended

Apr. 03, 2020

Other Financial Information [Abstract]

Unbilled Accounts Receivable and Deferred Revenues from Contracts with Customers

The following table provides the Company's unbilled receivables and deferred revenues from contracts with customers:


(In millions)	April 3, 2020		September 27, 2019
Unbilled receivables - current	$	276.7	$	346.7
Unbilled receivables - long-term ⁽¹⁾	71.6		35.1


Deferred revenues - current	(798.1)		(766.0)
Deferred revenues - long-term ⁽²⁾	(74.1)		(73.1)
Total net unbilled receivables (deferred revenues)	$	(523.9)	$	(457.3)

⁽¹⁾Included in other assets on the Company's Condensed Consolidated Balance Sheets.

⁽²⁾Included in other long-term liabilities on the Company's Condensed Consolidated Balance Sheets.

Unfulfilled Performance Obligations

The following table represents the Company's unfulfilled performance obligations as of April 3, 2020, and the estimated revenues expected to be recognized in the future related to these unfulfilled performance obligations:


	Fiscal Years of Revenue Recognition
(In millions)	Remainder of 2020		2021		2022		Thereafter
Unfulfilled Performance Obligations	$	1,174.3	$	2,345.7	$	1,006.5	$	2,415.9

Cash, Cash Equivalents and Restricted Cash

The following table summarizes the Company's cash, cash equivalents and restricted cash:


(In millions)	April 3, 2020		September 27, 2019
Cash and cash equivalents	$	667.8	$	531.4
Restricted cash - current ⁽¹⁾	4.8		4.2
Restricted cash - long-term ⁽²⁾	16.4		8.5
Total cash, cash equivalents, and restricted cash	$	689.0	$	544.1

⁽¹⁾Included in prepaid expenses and other current assets on the Company's Condensed Consolidated Balance Sheets.

⁽²⁾Included in other assets on the Company's Condensed Consolidated Balance Sheets.

Inventories

The following table summarizes the Company's inventories:


(In millions)	April 3, 2020		September 27, 2019

Raw materials and parts	$	412.6	$	376.5
Work-in-process	80.8		71.8
Finished goods	110.6		103.2
Total inventories	$	604.0	$	551.5

Other Long-Term Liabilities

The following table summarizes the Company's other long-term liabilities:


(In millions)	April 3, 2020		September 27, 2019
Income taxes payable	$	168.7	$	180.3

Deferred income taxes	75.4		75.3
Deferred revenues	74.1		73.1

Contingent consideration	34.0		42.3
Defined benefit pension plan	28.7		31.1
Other	42.2		38.0
Total other long-term liabilities	$	423.1	$	440.1

Other Income, Net

The following table summarizes the Company's other income (expense), net:


	Three Months Ended						Six Months Ended
(In millions)	April 3, 2020		March 29, 2019		April 3, 2020		March 29, 2019
Gain (loss) on equity investments	$	—	$	(0.2)	$	1.4	$	21.8

Net foreign currency exchange gain (loss)	(1.4)		(0.5)		1.0		0.8
Other, net	0.5		0.9		1.1		0.6
Total other income (expense), net	$	(0.9)	$	0.2	$	3.5	$	23.2